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LINKTV
Feb 4, 2013 2:00pm PST
those individual measurements? can we compare national figures over time to determine if our economy is making progress? u.s. economic growth-- what is the gross national product? with economic analyst richard gill, we'll explore that question on this edition of economics usa. i'm david schoumacher. these computer tapes at the bureau of economic analysis in washington document 50 years of america's economic growth. they provide access to the accounting system known as gnp. when the united states faced its worst economic crisis, the great depression, no such measuring tool existed, until this report went to the senate. copies of national income, 1929-1932 are scarce today, but back in 1934, it was very popular. 4,500 copies were sold in 8 months. the report was made by a team from the department of commerce when congress demanded more information. what was the great depression costing the american economy? led in part by the auto industry, the economy grew rapidly in the 1920s, generating more jobs, more income, and more free time. as long as the factories were humming, there was litt
LINKTV
Feb 11, 2013 2:00pm PST
economy, a refuge in earlier depressions, suffered during the 1920s then collapsed in the 1930s. nothing seemed to halt the downward spiral. how did people respond? eric sevareid remembers the anguish of his father's generation. i think the instinct of that generation was to blame themselves. somehow they had not listened to god's word closely enough or hadn't been smart about how they handled the land or loans or something. only later did they begin to blame the government or the system. people have to have scapegoats. they can't feel personally responsible forever. and it was such a vast thing anyway, something fundamentally broken down. we were plowing under food, killing little pigs, and people were going hungry. millions of sick people and doctors going broke. what was going on? what was the sense to this-- this rich country? politicians of 1932 were prisoners of the economic theories of the day that held the economy would improve. that's the message president hoover kept delivering. in cambridge, england, john maynard keynes was telling students the american economy would
WETA
Feb 12, 2013 6:30pm EST
currency wars: g-7 countries say they're looking to boost their local economies, but critics say they're aiming to get ahead by weakening their currencies. that and more tonight on "n.b.r." we're hours away from president obama's state of the union address. americans aren't just listening for what he says but how he says it. will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy? washington bureau chief darren gersh reports. >> reporter: with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. but while his plan may be new, the challenge is not. >> the economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. and unfortunately, the public sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. >> reporter: state and local spending on roads, buildings and bridges has hit a seven
CSPAN
Feb 3, 2013 9:00pm EST
included state of the economy, housing benefits for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. >> order. questions to the prime minister. alison seabeck. >> thank you, mr. speaker. this morning i had meetings with mine tieral colleagues and others and in addition to my duties in the house i will have other meetings today. >> alison sea beck. >> i'm hear to speak, it right a mother in his constituency should not speak of the bedroom tax and confirm why her minister be able to offer her son, serving in the magesty's armed forces either a home or a bedroom on his return from duty? >> the reforms to housing benefit that we're putting in place, i'll very happily look at the case, as the honorable lady says. but the reforms that are put in place have a very clear principle of the heart. there are many people in private rented accommodation who do not have housing benefits and can't afford extra bedrooms and we have to get control of housing benefits. we're now spending as a country $23 billion pounds on housing benefits and we have to get that budget unde
FOX Business
Feb 9, 2013 6:00am EST
his state of the union, more are worried about the state of u.s. economy, economists predicting just a 2% growth this year, which is not much, many hope much of the president's speech focuses on the u.s. economy, neil cavuto will cover the speech all night tuesday night right here on fox business. but first, to tucker carlson, monica metta and a guy who will cover it with neil tuesday is peter. >> the white house said that president's inaugural address laided up on some big themes that president wants to talk about and advance in his second term, that we need to wait for state of the union for him to get into some detail on what he wants to do. so, we are expecting that he will offer more details but, i would not expect any change in broad themes. liz: what we're expecting is gun violence, immigration reform, and tax reform, and energy? what is missing? >> climate change,e'll talk about that too. these are the issues that the president cares about. liz: what is missing? >> growth. the president's main concern is income inequality, he does not read the w "wall street journal" he is fo
NBC
Feb 10, 2013 4:00pm PST
new projections this week. they saw, long term, the economy will move in the opposite direction of the deficit. the economy grows if the deficit goes down, it shrinks if the deficit goes up. you argue in the book that the deficit really doesn't matter right now. do you disagree with the government's projections? >> no, i think the cbo report is pretty reasonable. and it says that we wish we had lower debt, and if we look at the long term it would be nice to pay down the debt but it does not show a crisis. and trying to slash the deficit right now will deepen the clear and present danger which is a very high unemployment and ongoing economic slump. so i actually -- i found the cbo report supportive of what i'm saying, that right now our priorities should be jobs and not the deficit. >> i want to get your reaction to something that dave camp told us, the chairman of the house ways and means committee. he said that we need an equitable approach to cutting and spending. take a listen. i want to be get your reaction to it. >> sure. >> what we really need now is the second piece of the b
PBS
Feb 11, 2013 6:30pm PST
, and investors are seeing in the u.s. economy. we preview the economic state of the union. why regulators need to treat them like other business. then u.s. airways sees big benefits in merging with american airlines. we look at the new landscape for airlines if the deal goes through. we have that anmore tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. while there are signs of improvement in the economy, the unemployment rate rose in january to 7.9%. so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downside tail risks. so, we're feeling like although it's not
CSPAN
Feb 4, 2013 12:00am EST
economy, housing benefits for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. dispersed so they can go to the projects so desperately needed. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. mr. speaker, this morning i had meetings with ministerial colleagues and others, and in addition to my duties in the cells i shall have further such meetings later today. >> thank you, mr. speaker. is it right that a mother and my contingency may not -- confirmed by his minister, her son serving in her majesty's armed forces -- [inaudible] >> the reforms to housing benefit that we're putting in place, and i'm happy to look at the case of the honorable lady says -- [shouting] >> but they have a very clear principle out of their hard. there are many people who don't have housing benefit, who cannot afford extra bedrooms, and we have to get control of housing benefits. we are now spending as the country 23 billion pounds on housing benefits and we have to get that budget under control. >> rebekah harris. >> will my righ
CSPAN
Feb 12, 2013 9:00am EST
program approach, it became clear that the economy remained weak. and the fomc took a series of steps to provide further impetus to the recovery. in june 2012, the committee extended its maturity program until the end of this year. thin inset 10 but it made a major new commitment to asset purchases. unlike its past purchase programs which were fixed in size, this time the fomc stated its determination to continue the program, provided that inflation remained well contained until it judges that there has been a substantial improvement in the outlook for the labor market. the committee currently intends to purchase treasury debt at a pace that will lay out about $85 billion per month as social security to the federal reserve's balance sheet. and determining the size, and composition of these purchases over time, the committee will also take into account the ongoing assessment of their efficacy and cost. the second unconventional policy tools that the fomc has issued its forward guidance. in the form of more explicit and more detailed information about the future path of monetary p
CNBC
Feb 10, 2013 7:30pm EST
, congressional budget office, came out with new projections that show long term the economy will move in the opposite direction of the deficit. the economy grows if the deficit goes down. shrinks if the deficit goes up. you argue the deficit doesn't matter now. do you disagree with the government projections? >> the cbo report is reasonable. it says that we wish we had lower debt. if we look at the long-term it would be nice to pay down the debt but it doesn't show a crisis. trying to slash the deficit now will deepen the clear and a present danger which is high unemployment and on going economic slump. i thought -- i found the cbo report supportive of what i'm saying. our priorities should be jobs, not the deficit. >> i want your reaction to something dave camp told us, chairman of the house ways & means committee. he said we need an equitable approach to cutting and spending. i want your reaction to it. >> sure. >> what we need now is the ekd part of the balanced approach the president called for in december. the beginning of reigning in debt and deficits. on the president's co
PBS
Feb 12, 2013 12:00am PST
-- it has for the american economy and the american word around the world. >> i think we've taken a serious hit to the prestige of the american financial strength, all right. and it comes from a few things. it comes from the first debate about the debt limit. it comes from the way we handled fiscal cliff. we have become a nation that responds to a deadline, only to a deadline. and at least so far we have been patching it along the way. and so we create more deadlines. i mean the sequestration was created because we couldn't get through simpson bowles. >> rose: bowles simpson, a very good effort. >> yes, yeah. and i think directionally a sound one. by the way i think the dom initchi rivlin which got much more coverage was in many respects also very thoughtful at this and really dealt with it in the broadest framework. just an example. we talk about cutting spending. one of the things that came out of the diminici-rivlin commission was that if we held, if we held defense spending flat, not cut it but just held it flat for five years and then let it grow with gdp which is what you do i
CSPAN
Feb 9, 2013 3:05pm EST
budget and the economy over the next decade. i would like to tell you a little about it, and then my colleagues and i will be happy to take your questions. our analysis shows that the united states continues to face very large economic and budget challenges. under current law, we expect the unemployment rate will remain above 7.5% through next year. that would make 2014 the sixth year in a row that unemployment is so high, the longest such period in seven years. -- 70 years. also under current law, we expect budget deficits over the next decade to total about $7 trillion. with deficits so high, the federal debt on the public will remain a larger percentage of gdp than in any year between 1951 to 2012. by the end of the decade, debt would be 77% of gdp, on an upward path. let me elaborate on those points, beginning with the economy and then turning to the budget. we anticipate that economic growth will remain slow this year because the gradual improvement that we see in the underlying economic factors will be offset by a tightening of federal fiscal policy scheduled under current law.
PBS
Feb 11, 2013 5:30pm EST
and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you are invested and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices. call today or make it easy to move that 401k to a fidelity ira. >> a relationship managers work hard to know your assistance. offering specialized solutions and capital to meet your growth objectives. we offer expertise entail solutions for small businesses and major corporations. what can we do for you? >> now, "bbc world news america ." >> this is "bbc world news america." it has not happened since the middle ages, 85 years old and frail, pope benedict announces that he will resign at the end of this month. >> you are joking. the pope? oh, my god. >> who will lead the catholic church next and what continent will he come from? we wait for the white smoke to rebuild the succession. with the economy at the forefront, what should we be listening for? we asked one of the top leaders. welcome to our viewers on public tele
PBS
Feb 11, 2013 7:00pm PST
where we can reasonably expect that the economy will continue to, you know, make progress. >> reporter: he expects there will be a continued slow, but steady, fall in the unemployment rate. in addition, the housing market recovery is spreading. >> we've seen a pick-up in household formation. so, more people are moving out of homes, starting new families and so forth. and so that creates underlying demand for housing units. and the second thing is, we've seen those inventories of excess unsold homes has been gradually whittled away. so now we're at a more normal inventory situation. >> reporter: and don't forget the psychological boost of a rising stock market, which makes people feel wealthier and more inclined to spend. but this is still the weakest economic rebound since world war two. and there are still plenty of hurdles to faster growth. >> when i look at how the economy is performing, i look at export and import growth and they raise alarm bells. i look at the big change in the trade deficit in one month, and that raises alarm bells. i look at the sharp drop in consu
PBS
Feb 11, 2013 2:30pm PST
wait for the white smoke to rebuild the succession. with the economy at the forefront, what should we be listening for? we asked one of the top leaders. welcome to our viewers on public television in america and around the globe. joseph is 85 years old and his health is failing. in any other profession, at his resignation would come at no surprise at all. it's as the leader of the catholic church, it is no surprise at all. pope benedict xvi announced that he will resign at the end of february. he is the first pope to do so in 600 years. >> it was during a routine meeting with vatican card bills that pope benedict did something that no pontiff had done in nearly 600 years. he announced his resignation and stunned his audience. he said that i have come to the certainty that my strengths, in due to an advanced age, are no longer suited to an adequate execution of saint peter's ministry. pope benedict said the strength of mind and body are necessary. strength in that in the last few months had deteriorated to the point where he doubted he could carry out his duties. only yesterday pope ha
CSPAN
Feb 8, 2013 9:00am EST
quarterly briefing today on the outlook for the u.s. economy. martin regalia, chambers chief economist will talk about recent gross domestic product figure and what policy the obama administration and congress to propose to help stimulate the economy. this is just getting under way. >> a prime example of our ability to involve experts and debates on topics that are critical to the business community. i'm going to start us off today by queuing a video from christopher giancarlo of the gfi group, our sponsor, for this series. but for some want to make a brief announcement. this series, this economic series that we pose every quarter, has been accredited by the national association of state boards of accountancy to provide continuing professional education, credits for accounting professional. so we are quite excited of that and hopefully you will as well. this accreditation highlights the value of this and other programs that would hold her at the chamber. for more information on that please visit our website, or speak to some of folks outside in the registration desk. after th
PBS
Feb 9, 2013 1:00am PST
the east coast still recovering from superstorm sandy. >> hurricane sandy cost the economy a $100 billion and the recovery efforts are still going on. so, it could delay some rebuilding activity... activity >> reporter: in new york city and elsewhere, preparations are being made for clean-up. >> we have more than 250,000 tons of salt on hand. >> reporter: according to the long island power authority, the storm has the potential to cause power outages for 100,000 customers on long island. and for the first time ever, lipa is deferring storm operations and response to its subcontractor, national grid. but in manhattan today, it was mostly business as usual, although many workers did try to leave early to beat the snow. and if the snowfall is anywhere close to the storm of '78, you'll see the impact in economic data in the weeks ahead. >> usually major storms cause increased volatility in economic data. so, that jobless claims jump significantly in the beginning as government offices close, because of the storm. and they surge back up after the offices reopened. >> reporter: if there
CSPAN
Feb 6, 2013 7:30am EST
only working with the economy is beginning to turn the corner? >> i'm grateful to my honorable friend. i think we should listen very carefully to what the governor of the bank of england said. we have said of course that growth is slower than we would like, but the economy is moving in the right direction. the rebalancing is taking place. the things that need to be fixed in our economy in terms of bank lending and housing supply, these things are being fixed. that's what this government is determined to do. >> one of my constituents has learned that when the bedroom tax is introduced she will have 24 pounds a week to live on. she is so anxious about how she's going to manage. she is having cognitive behavior therapy. but her anxiety is totally understandable. does the prime minister agree with me that those who should be receiving the cognitive behavior therapy are the ones, namely his ministers, who think she could live on 24 pounds? >> i think the party opposite does have to address the fact that for 13 years in government they were perfectly content to have a housing benefit system
CSPAN
Feb 12, 2013 5:00pm EST
to collapse the economy through a financial crisis, but it already is destroying jobs and growth today. we are not receiving the growth today we should have as a result of the drag of this debt. c.b.o. projects that we are entering a future in which our debt is so great that our fastest growing item in the budget will be interest payments. according to c.b.o. annual interest costs will total $5.4 trillion. by 2020, seven years from now, interest costs are expected to exceed the cost of national defense. and i just left the defense committee hearing talking about the sequester and how damaging that will be to the defense department, because half of the cuts follow 1/6 of the budget and that is the defense department and that is too severe and they need to be spread out across the entire spending of issues. interest payments which help no one build nothing will crowd on the rest of the budget and it will damage our economy in the meantime right now. while we talk of cuts, total spending spending on the 10 largest welfare programs, means tested and poverty programs will increase eve
WHUT
Feb 11, 2013 11:00pm EST
. >> welcome to the program, lessons and instructions about the global economy beginning with jay fishman, chairman & ceo of travelers. >> september of '08, so a long time ago lehman brothers went bankrupt and there was lots of discussion in corporate america about uncertainty. and that was what was keeping corporate leaders from investing. and i am one. i have 30,000 employees and we manage business that looks to the future. that's what we worry about in the insurance business, what is the future going to bement and i couldn't put my finger on what that uncertainty is. and that lead us into a deep dive not numbers. that's who we are. we are a numbers company, very data oriented. and we did a deep dive. and the numbers are stunning. >> rose: we conclude with adam posen, president of the peterson institute. >> for those there are sort of two things, the real versus the monetary, the you have to suffer for your sins versus you have to stop the panic. those are in the sense would be the two schools. >> rose: you're in favor of stopping the panic. >> absolutely. >> rose: and not suffe
FOX Business
Feb 11, 2013 11:00am EST
money will go to the private economy. i am saying that you can argue it both ways. >> when you have concrete examples in europe where you have substantial cuts and public expenditure and the economy has completed more to the ground. if the private sector wants to save, you have to accommodate out by allawi government to spend a little bit more. connell: it was good to have you in studio. dagen: you were in the middle there somewhere. marshall, thank you very much. connell: the value of u.s. stocks up by $12 trillion since 2009. those numbers are from the federal reserve. our next guest says there is still room in the stock market. our next guest is bryan was worried. >> marshall is the keynesian. i do not believe there is any evidence to prove that he is right that government spending helps the economy. prosperity of europe, it is in the post. in the last five years, you have had substantial guts and government expenditure. >> marshall, there is no government in europe that have cut spending in the last five years. zero. nada. over the last 40 years, france has had an 8.1 unemployme
FOX Business
Feb 11, 2013 7:00pm EST
economy, but we now have to pick and focus on jobs and growth. >> my principal bull for focus, number one focus is going to be making sure that we are competitive, a growing and creating jobs, not just now, but well into the future. >> at a time when our economy is still recovering from the recession, our top priority has to be jobs and growth. lou: despite his repeated claims that job creation is his top priority, 20 trillion americans remain out of work, underemployed, or have given up on finding work. the unemployment rate that almost 8%. a tent of a percent higher than when president obama took office. meanwhile, president obama says his administration is already more than half wait toward its goal of deficit reduction with the president calling for more tax hikes to finish the job. it. >> over last few years democrats and republicans have come together and cut our deficit by more than two and a half trillion dollars to a balanced mix of spending cuts and higher tax rates for the wealthiest americans. that's more than halfway toward the $4 trillion in deficit reduction that econom
CSPAN
Feb 5, 2013 5:00pm EST
programs, especially when the economy's doing really well and there's a lot of jobs available in the country, they fill up pretty quickly. visas for high-skill immigrants , the tech really wants that, wants more of those. you also have the h-2-b visas for foreign workers kind of for nonagricultural seasonal businesses. and you also have the h-2-a visa program which is mostly for agricultural workers. all these visa programs either have an arbitrary cap or are not being used that widely. basically that what businesses is want is they want to adjust these programs to the market so they can kind of rise and fall with demand. >> we thank you for your time today. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> if you go to most american hivetry textbooks i would also make you a bet, if you go back to the textbooks you had in high high school, you can take me up on my bet, but my bet with you is that in your american history textbooks in high school, if you go to the index, you will find no mention of eugenics. my further
CSPAN
Feb 10, 2013 6:00pm EST
the economy in the short term even as you try to reduce the deficit in the long term. also by closing some of the tax loopholes. we heard in the last presidential campaign from mitt romney and paul rand that there are all these tax breaks and loopholes that disproportionately benefit very wealthy people. speaker john boehner said he could come up with $800 billion through a tax reform plan. we're simply saying to the house republicans that we want to do with speaker john boehner said he could do. use some of their revenue from closing loopholes to close the deposit. you are right. republicans so far have said they're not willing to close one tax loophole, not for a corporate jet or big oil companies for the purpose of reducing the deficit. when it is that trade-off, are they more interested in protecting the economy and defense spending? then i think he will begin to see a little bit of a change in attitude. >> what is there is not a change in attitude and calculations? this deadline is different than previous ones. we were facing the prospect of a default. it was a stone wall. we cou
FOX Business
Feb 5, 2013 10:00pm EST
, stimulate the economy but drug traffickers out of business. >> no no. a slippery slope. gerri: i agree. also on gerriwillis.com to. gerri: percent said no. obamacare drama, the cbo estimate in health care law will cost one point* $3 trillion over 10 years and is questioning readiness of the state insurance exchanges, never fear states are hiring navigators' helping people to register but according to the "washington post" state officials are facing a herculean task to find them that cost will come from the exchanges it and from the fees but those are not available until 2014. but in the meantime some could be funded by state budgets, a private money or grants not good news but california is planning to hire 21,000 and the tab will go into hundreds of millions , another unintended consequence of obamacare. none of them have been good. that is my $0.2 more.t he have a great night. we'll see you tomorrow. white h. the president today made his plea for help in deferring the onset of the sequestered for another few months. it sounds a lot more like an order for more of the same short term, small
PBS
Feb 11, 2013 4:00pm PST
. economy was starting to slow down again. from your perspective, how do you see the state of the american economy? >> it is still uncertain. we really need to get the economy growing. the only way to get jobs is to add and grow the economy. the economy will not grow as long as government intrudes and tells us what to do. there is a lot of shore that we would like to bring back. the tax coming back on that money is way too high. >> we know that jobs and growth will be a big part of the state of the union address tomorrow night. the new ceo has been down at the white house talking to the president. >> he is going to really focus on growth of the economy. the only way to get jobs back into this economy, we are barely breaking even on jobs. we have got to create at least 100,000 jobs a year to keep up with the growth in the population. we are pushing very hard to push the visa waivers. we would love to have that for brazil. they would absolutely love to come to america. >> along side with that, would you like to have comprehensive immigration reform? >> i think that is very important
FOX News
Feb 9, 2013 2:00pm EST
. >> brenda: no, you're wrong. >> and that's dragging down our economy. >> america is going broke on health care even more than social security for us the best plan is going to be the cheaper plan even if it has a longer weight time. it won't bankrupt the country. we have doing nothing, absolutely nothing for health care reform. we have a pencil ledger system in a computer world. all we did was add 30 to 50 more people to insurance rolls. this is an economic argument. is it cheaper to give people insurance or cheaper to pay higher health care costs because they go to the emergency room they can't afford and we pay higher health care costs, but the problem is, we did nothing for health care reform. all this is going to do is exacerbate the-- >> all right, guys, okay, i'm sorry, guys, that's got to be the last word. thanks so much, good debate. baltimore might be the title town, but the city's tax and spending problems could bring it down. now the cavuto team say some in washington are taking a page out of baltimore's play book that could sack us all. that's at the bottom of the hour,
FOX News
Feb 9, 2013 10:00am EST
current state of the economy right now. according to the bureau of economic analysis since the end of the recession in 2009 the u.s. economy has grown 7.5%. compare that to double digit growth in other post recession periods and it appears that president obama has presided over the weakest economic recovery since world war ii. this as a new fox news poll shows 52% of americans believe the worst is yet to come. that's up from 48% just a year ago. let's bring in our political panel, angela mcglowan and a former spokesperson for vermont gosh howard dean who is also a presidential candidate. ladies, thanks for joining us, look, there's a lot of pessimism right now as we're seeing right now, a degree of uncertainty amongst the american people and why do you think that is when we're seeing that the economy shall at least our unemployment rate dropped to below 8%. >> americans, americans are suffering, kelly. i mean, people today, most don't believe in the american dream anymore, most don't believe they can obtain a house or even keep their house, most are living from paycheck to paycheck, if th
Search Results 0 to 49 of about 1,852 (some duplicates have been removed)